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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Net sales:      
Total Net sales $ 5,396 $ 4,981 $ 4,584
Cost of sales:      
Total Cost of sales 2,803 2,568 2,461
Gross profit 2,593 2,413 2,123
Operating expenses:      
Selling and marketing 653 600 581
Research and development 593 563 519
General and administrative 433 381 334
Amortization of intangible assets 114 104 104
Acquisition and integration costs 24 6 6
Exit and restructuring costs 76 17 98
Total Operating expenses 1,893 1,671 1,642
Operating income 700 742 481
Other (loss) income, net:      
Foreign exchange (loss) gain (18) 5 (2)
Interest expense, net (108) (98) (133)
Other expense, net (14) (14) (12)
Total Other expense, net (140) (107) (147)
Income before income tax 560 635 334
Income tax expense 141 107 38
Net income $ 419 $ 528 $ 296
Basic earnings per share (in USD per share) $ 8.24 $ 10.25 $ 5.75
Diluted earnings per share (in USD per share) $ 8.18 $ 10.18 $ 5.72
Tangible Products      
Net sales:      
Total Net sales $ 4,418 $ 4,016 $ 3,665
Cost of sales:      
Total Cost of sales 2,296 2,100 2,012
Services and Software      
Net sales:      
Total Net sales 978 965 919
Cost of sales:      
Total Cost of sales $ 507 $ 468 $ 449